The objective of bank fixed deposit is to earn better returns on idle money than savings account, FD interest rates varies from bank to bank depending upon tenure. To create an fixed deposit, you require lump sum investment for a fixed tenure and on this invested amount, banks offer you to get a fixed interest periodically till the end of the term. Now-a-days many banks offer competitive & attractive interest rates on FD for Senior Citizens and NRE/ NRO customers. You can also calculate FD interest rate, this will help you to take a proper investment decision.
The advantage of FD is that bank offers loan facility upto 90% of the amount on the FD and the interest rate to such loan is around 0.50% to 2.00% higher than the fixed deposit rate. Another advantage of FD is periodic income (interest) can be transferred periodically to savings account. To know more advantage of fixed deposit check diffrence between FD Vs RD.
The disadvantage of FD is tax deduction at source (TDS) at the rate of 10% on interest earned, if it exceeds Rs. 10,000 in one financial year.
The highest interest rate is offered by the ESAF Small Finance Bank (for 12 months) at 8.75% per annum and Suryoday Small Finance Bank (for 12 months) at 8.50% per annum followed by Utkarsh Small Finance Bank (for 12 months) 8.25%.
|Bank||Tenure||FD Interest Rate (p.a.)||Find Interest Rates||Calculate|
|Esaf Small Finance Bank||12 Months||8.75%|
|Equitas Small Finance Bank||12 Months||8.50%|
|Utkarsh Small Finance Bank||12 Months||8.50%|
|North East Small Finance Bank||12 Months||8.50%|
|Suryoday Small Finance Bank||12 Months||8.50%|
|Ujjivan Small Finance Bank||12 Months||8.30%|
|Indusind Bank||12 Months||8.00%|
|Rbl Bank||12 Months||8.00%|
|Fincare Small Finance Bank Ltd||12 Months||8.00%|
|The Nainital Bank||12 Months||7.90%|
|Capital Small Finance Bank||12 Months||7.65%|
|Laxmi Vilas Bank||12 Months||7.60%|
|Dbs Bank Ltd||12 Months||7.50%|
|Karnataka Bank||12 Months||7.50%|
|Tamilnad Mercantile Bank||12 Months||7.40%|
|Standard Chartered Bank||12 Months||7.40%|
|Bandhan Bank||12 Months||7.35%|
|City Union Bank||12 Months||7.35%|
|Kotak Mahindra Bank||12 Months||7.30%|
|Jammu And Kashmir Bank||12 Months||7.30%|
|Federal Bank||12 Months||7.30%|
|Hdfc Bank||12 Months||7.30%|
|Axis Bank||12 Months||7.30%|
|Yes Bank||12 Months||7.25%|
|Idbi Bank||12 Months||7.25%|
|Karur Vysya Bank||12 Months||7.25%|
|Punjab And Sind Bank||12 Months||7.00%|
|Dhanalakshmi Bank||12 Months||7.00%|
|Catholic Syrian Bank||12 Months||7.00%|
|Idfc Bank||12 Months||7.00%|
2019 February 23 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 March 04 is a bank holiday in Andaman And Nicobar Island due to Maha Shivratri.
2019 March 04 is a bank holiday in Chandigarh due to Maha Shivaratri.
2019 March 09 is a bank holiday in Andaman And Nicobar Island due to 2nd Saturday Bank Holiday.
2019 March 20 is a bank holiday in Assam due to Dol Jatra.
2019 March 20 is a bank holiday in Jharkhand due to Holika Dahan.
|Bank Name||1 Year||5 Years|
|Esaf Small Finance Bank||8.75%||7.00%|
|North East Small Finance Bank||8.50%||6.75%|
|Suryoday Small Finance Bank||8.50%||8.25%|
|Equitas Small Finance Bank||8.50%||7.00%|
|Utkarsh Small Finance Bank||8.50%||8.00%|
|Ujjivan Small Finance Bank||8.30%||7.00%|
|Fincare Small Finance Bank Ltd||8.00%||8.00%|
|Esaf Small Finance Bank||1 Year||9.25%|
|North East Small Finance Bank||1 Year||9.00%|
|Suryoday Small Finance Bank||1 Year||9.00%|
|Utkarsh Small Finance Bank||1 Year||9.00%|
|Equitas Small Finance Bank||1 Year||9.25%|
|Ujjivan Small Finance Bank||1 Year||8.80%|
|Fincare Small Finance Bank Ltd||1 Year||8.50%|
|Rbl Bank||1 Year||8.50%|
|Indusind Bank||1 Year||8.50%|
|The Nainital Bank||1 Year||8.40%|
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